This week, we provide top-five ranked VE data for our Basic Materials stocks. We take a look at our latest data on Raytheon $RTN. We currently have an overvaluation watch underway.
VALUATION WATCH: Overvalued stocks now make up 63.25% of our stocks assigned a valuation and 24.25% of those equities are calculated to be overvalued by 20% or more. Fifteen sectors are calculated to be overvalued.
ValuEngine Index Overview
| Index | Week Open | Friday PM | Change | % Change | YTD |
| DJIA | 20665.17 | 20678.9 | 13.73 | 0.07% | 4.64% |
| NASDAQ | 5917.32 | 5883.56 | -33.76 | -0.57% | 9.30% |
| RUSSELL 2000 | 1386.43 | 1364.87 | -21.56 | -1.56% | 0.57% |
| S&P 500 | 2362.34 | 2358.73 | -3.61 | -0.15% | 5.36% |
ValuEngine Market Overview
| Summary of VE Stock Universe | |
| Stocks Undervalued | 36.75% |
| Stocks Overvalued | 63.25% |
| Stocks Undervalued by 20% | 15.78% |
| Stocks Overvalued by 20% | 24.25% |
ValuEngine Sector Overview
| Sector | Change | MTD | YTD | Valuation | Last 12-MReturn | P/E Ratio |
| Multi-Sector Conglomerates | -0.02% | -0.95% | 5.62% | 13.23% overvalued | 15.51% | 19.70 |
| Industrial Products | 0.67% | -0.85% | 3.11% | 12.77% overvalued | 25.64% | 24.31 |
| Computer and Technology | 0.42% | -1.62% | 9.42% | 12.59% overvalued | 21.20% | 30.77 |
| Aerospace | 0.48% | -0.05% | 0.70% | 12.49% overvalued | 20.53% | 19.83 |
| Finance | 0.45% | -0.67% | 2.23% | 11.18% overvalued | 18.06% | 17.57 |
| Utilities | -0.03% | 2.27% | 6.82% | 9.99% overvalued | 18.93% | 24.04 |
| Consumer Staples | 0.17% | -0.63% | 3.47% | 8.06% overvalued | 10.40% | 24.61 |
| Construction | 0.23% | -1.68% | 6.85% | 7.77% overvalued | 20.33% | 21.28 |
| Business Services | 0.32% | -1.17% | 4.58% | 7.01% overvalued | 9.80% | 24.01 |
| Transportation | 0.94% | -0.23% | 4.44% | 6.58% overvalued | 21.07% | 21.44 |
| Basic Materials | 0.36% | 0.38% | 7.07% | 6.36% overvalued | 48.43% | 26.36 |
| Oils-Energy | 0.91% | 1.17% | 0.49% | 4.94% overvalued | 24.85% | 30.84 |
| Consumer Discretionary | 0.49% | -0.92% | 4.83% | 4.70% overvalued | 18.97% | 25.71 |
| Auto-Tires-Trucks | 0.11% | -1.38% | 4.43% | 3.51% overvalued | 25.12% | 14.25 |
| Retail-Wholesale | 0.89% | -1.18% | 1.32% | 2.18% overvalued | 5.58% | 23.63 |
| Medical | 0.49% | -1.93% | 7.97% | 2.43% undervalued | 7.04% | 28.26 |
Sector Talk–Basic Materials
Below, we present the latest data on Basic Materials stocks from our Professional Stock Analysis Service. Top- five lists are provided for each category. We applied some basic liquidity criteria–share price greater than $3 and average daily volume in excess of 100k shares.
Top-Five Basic Materials Stocks–Short-Term Forecast Returns
| Ticker | Name | Mkt Price | Valuation (%) | Last 12-M Return (%) |
| VALE | VALE SA | 9.16 | -17.53% | 123.41% |
| TECK | TECK RESOURCES | 23.83 | -11.33% | 207.48% |
| MT | ARCELOR MITTAL | 8.24 | -11.62% | 78.74% |
| AKS | AK STEEL HLDG | 7.06 | -7.61% | 66.12% |
| TX | TERNIUM SA-ADR | 26.12 | 1.62% | 45.60% |
Top-Five Basic Materials Stocks–Momentum
| Ticker | Name | Mkt Price | Valuation (%) | Last 12-M Return (%) |
| CC | CHEMOURS COMPNY | 37.72 | N/A | 416.01% |
| HCLP | HI-CRUSH PTNRS | 17.75 | -30.08% | 257.86% |
| VEDL | VEDANTA LTD | 16.9 | N/A | 220.68% |
| TECK | TECK RESOURCES | 23.83 | -11.33% | 207.48% |
| MTL | MECHEL OAO ADS | 5.81 | N/A | 205.79% |
Top-Five Basic Materials Stocks–Composite Score
| Ticker | Name | Mkt Price | Valuation (%) | Last 12-M Return (%) |
| VALE | VALE SA | 9.16 | -17.53% | 123.41% |
| TECK | TECK RESOURCES | 23.83 | -11.33% | 207.48% |
| MT | ARCELOR MITTAL | 8.24 | -11.62% | 78.74% |
| CLF | CLIFFS NATURAL | 8.45 | -15.51% | 187.41% |
| AKS | AK STEEL HLDG | 7.06 | -7.61% | 66.12% |
Top-Five Basic Materials Stocks–Most Overvalued
| Ticker | Name | Mkt Price | Valuation (%) | Last 12-M Return (%) |
| UAN | CVR PARTNERS LP | 4.64 | 143.27% | -40.44% |
| ALB | ALBEMARLE CORP | 106.03 | 67.11% | 60.58% |
| AEM | AGNICO EAGLE | 44.92 | 43.31% | 23.00% |
| SQM | SOC QUIMICA MIN | 36.5 | 42.49% | 83.60% |
| FMC | FMC CORP | 73 | 42.40% | 92.76% |
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Raytheon Company (RTN) is a global technology company. The company provides products and services in the areas of defense and commercial electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in numerous countries around the world.
VALUENGINE RECOMMENDATION: ValuEngine continues its HOLD recommendation on Raytheon for 2017-04-06. Based on the information we have gathered and our resulting research, we feel that Raytheon has the probability to ROUGHLY MATCH average market performance for the next year. The company exhibits ATTRACTIVE Company Size but UNATTRACTIVE Book Market Ratio.
You can download a free copy of detailed report on Raytheon Company (RTN) from the link below.
Read our Complete Rating and Forecast Report on Raytheon (RTN) HERE.
| ValuEngine Forecast | ||
| Target Price* |
Expected Return |
|
|---|---|---|
| 1-Month | 150.66 | -0.06% |
| 3-Month | 154.44 | 2.45% |
| 6-Month | 157.37 | 4.39% |
| 1-Year | 149.71 | -0.69% |
| 2-Year | 184.27 | 22.24% |
| 3-Year | 203.85 | 35.22% |
| Valuation & Rankings | |||
| Valuation | 29.68% overvalued | Valuation Rank(?) | 15 |
| 1-M Forecast Return | -0.06% | 1-M Forecast Return Rank | 45 |
| 12-M Return | 18.61% | Momentum Rank(?) | 58 |
| Sharpe Ratio | 1.26 | Sharpe Ratio Rank(?) | 97 |
| 5-Y Avg Annual Return | 21.22% | 5-Y Avg Annual Rtn Rank | 90 |
| Volatility | 16.84% | Volatility Rank(?) | 77 |
| Expected EPS Growth | 8.96% | EPS Growth Rank(?) | 37 |
| Market Cap (billions) | 46.49 | Size Rank | 98 |
| Trailing P/E Ratio | 21.44 | Trailing P/E Rank(?) | 59 |
| Forward P/E Ratio | 19.68 | Forward P/E Ratio Rank | 36 |
| PEG Ratio | 2.39 | PEG Ratio Rank | 18 |
| Price/Sales | 1.93 | Price/Sales Rank(?) | 50 |
| Market/Book | 4.62 | Market/Book Rank(?) | 29 |
| Beta | 0.69 | Beta Rank | 56 |
| Alpha | 0.12 | Alpha Rank | 71 |
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